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  • 2 minutes

Hot Take - If history repeats we could be in for a recovery in office markets

  • By Peter Studley
  • 06 June 2025
360 Collins Street Melbourne exterior 360 Collins Street, Melbourne

A peaking of the vacancy rate in the Sydney CBD signals a major turning point for the market. With planned supply a fraction of previous levels, there is a compelling recovery story. History has shown that office markets follow a well-defined cycle. Supply always slows after a period of high vacancy. Then, over the next four to five years, space is absorbed and vacancy falls. In these periods of falling vacancy, markets experience above average rent growth.